They will succeed Steve Booth who was named Baird’s Chief Operating Officer earlier this year and will eventually succeed Baird President & CEO Paul Purcell. In addition to his COO role, Booth continues to serve as Director of Investment Banking until January 1.
In addition to their new department-wide leadership responsibilities, both Doyal and McDonagh will continue to play several of their current roles within Investment Banking. McDonagh will remain extremely active in leading industry teams across the platform in the execution of key advisory transactions. As such, he will retain his title and role as Co-Head of Global M&A. Doyal will also continue to play an active client coverage and execution role on key transactions across the services, technology and healthcare sectors.
Both Doyal and McDonagh have been significant contributors to Baird's Investment Banking business, deepening the firm's talent base, expanding its industry coverage and enhancing its overall advisory and equity activities. Each with more than 25 years of investment banking experience, they have led the execution of many of Baird's key M&A transactions over the past several years.
'Brian Doyal and Brian McDonagh are highly regarded for their incredible focus on clients, teamwork, keen banking expertise, leadership and mentoring', said Steve Booth, Chief Operating Officer and Director of Investment Banking at Baird. 'The Co-Head leadership model fits them well and complements our global reach and collaborative approach to serving our clients’ needs'.
'For nearly ten years I’ve worked with Steve and witnessed his incredible leadership, growing this franchise to be one of the best global, middle market investment banks', said Doyal. 'I am honored and excited to build upon our success, working in partnership with Brian McDonagh as Co-Head of Global Investment Banking'.
McDonagh added, 'Joining Baird nearly five years ago was the best decision of my career. Our unique culture, high level of teamwork, strong commitment to excellence, and unparalleled senior attention to our clients has been the magic formula for building a leading middle market global investment banking effort. I am excited to partner with Brian Doyal to help take Baird's investment banking business to the next level'.
Baird announced other Investment Banking leadership and title changes, effective Jan. 1, 2014:
Peter Kies, previously Co-Head of Equity Capital Markets Desk, has been named Head of Technology and Services Investment Banking.
Greg Ingram, previously Co-Head of Equity Capital Markets Desk, has been named Head of Equity Capital Markets Desk.
Baird’s Investment Banking group continues to grow in its scale and depth across the globe. Within the past five years, the business has expanded its U.S. and European teams, established a presence in Chinaand formed a strategic alliance in India.
Since the beginning of 2012, Baird has announced 80 M&A deals. In the past five years, Baird’s M&A assignments have involved companies located in 18 countries.
Complementing the success and momentum of Baird’s M&A business is its growing Equity Capital Markets (ECM) franchise, which achieved record revenues in 2012, completing 79 equity transactions and raising nearly $20 billion of capital. Additionally, Baird expects a record level of ECM activity for the first half of 2013, with 67 equity transactions raising $18 billion as of June 21.